United States Portable Air Conditioners Market is Fueled by the Demand from Residential Sector During the Forecast Period
Rising standard of
living and increasing spending on household comfort through convenient
products, easy installation, and handling are driving the United States
Portable Air Conditioner Market.
According to TechSci Research report, “United States Portable Air Conditioners Market –By Region,
Competition Forecast and Opportunities, 2018-2028F”, Compact
portable air conditioners that may be easily installed in a smaller accessible
room area than a regular air conditioner requires becoming more and more
popular due to the growing trend of tiny homes. In addition, the idea of small
living spaces is a social and architectural movement which encourages lowering
the rate of energy consumption and the amount of equipment needed in the
space.
The
acceptance of portable air conditioners is rising as it requires less
space to install and can be set up more rapidly than traditional air
conditioners. Since they are small, portable, and easy to maintain, portable
air conditioners are projected to contribute to a reduction in energy use. As a
result, it is predicted that the Portable Air Conditioner Market will
experience significant revenue growth during the forecast period.
Portable
air conditioners are utilized in commercial establishments to maintain the
temperature of equipment like computers. Due to their continuous operation,
most machinery, including generators, are expected to produce heat. Portable
air conditioning is essential in such situations for regulating the room's
temperature. Supermarkets and hypermarkets, and residential and commercial
complexes, are examples of commercial structures that can benefit from portable
air conditioners. Urbanization is driving the commercial building segment's
rapid growth, which is anticipated to boost the demand for portable AC
throughout the projected period. The emergence of the intelligent and
sophisticated portable air conditioner has been further aided by the rapid
adoption of automation in major industries.
The
United States Portable Air Conditioners Market is segmented based on capacity,
end use, and distribution channel. Based on capacity the market is segmented
into 5,000-10,000 BTUs, 11,000-14,000 BTUs, and above 14,000 BTUs. Based
on end use, the market is divided into
residential and commercial. Further, based on distribution channel, the market
is fragmented into multi branded stores, supermarkets & hypermarkets,
online, exclusive stores, and others including distributors/dealers, etc. Based
on region, the market is segmented into South, Midwest, West, and Northeast.
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In
terms of market share, the residential sector is most likely to dominate the
United States market for portable air conditioners. The reason is probably people constantly looking for new
prospects for personal improvement, and since the transportation sector is
rapidly expanding, it has been simple for people to move along with their
essential belongings. People are therefore more likely to spend money on
portable air conditioners that can be packaged and moved easily to different
locations.
Multi-brand
stores hold the highest market share among distribution channels, which can be
attributed to the fact that these platforms provide clients with a broad range
of variety produced by numerous manufacturers. Additionally, there are numerous
seasonal deals and discounts that clients take advantage of. Additionally, to
increase their client base, multi-brand stores work directly with the
manufacturing firm to offer free installation and after sale services within
limited time. Additionally, clients have the option of buying pre-owned items
that have been well-maintained.
Key market players in the United States Portable Air
Conditioners Market include:
- LG Electronics U.S.A.
Inc.
- Stanley Black &
Decker, Inc.
- De’Longhi S.p.A.
- Whynter LLC
- SereneLife Home, LLC
- Midea America Corp.
- Honeywell International
Inc.
- Whirlpool Corporation
- Napcom, LLC (Newair)
- Olimpia Splendid USA,
Inc.
Due
to the rising competition in the portable air conditioners market in United
States many of the brands are expanding their product portfolio to grab large
consumer base. For instance, the domestic air care portfolio of LG Electronics
U.S.A. Inc. is being expanded to include more window and portable air
conditioners with strategies to maximize connection, combining simplicity with
best-in-class cooling, and low-noise operation to improve the experience of
home wellness. To help users maximize their comfort at their places, whether
it's in the home, office, basement gym, or living spaces like the bedroom or
family room, the LG has launched extensive line of room air devices.
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“The
United States portable air conditioners market is experiencing robust growth
due to the rising demand in the residential sector owing to their easy
installation and comfortable movement from one room to another. Also, as
customers become more aware of the need to purchase items with low carbon
emissions and as the popularity of tiny homes increases, they increasingly
choose to purchase portable air conditioners since they take up less space and
can be transported from one location to another." said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“United States Portable Air Conditioners
Market, By Capacity (5,000-10,000 BTUs, 11,000-14,000 BTUs, Above 14,000 BTUs),
By End Use (Residential, Commercial), By Distribution Channel (Multi Branded
Stores, Supermarket & Hypermarket, Online, Exclusive Stores, Others
(Distributors/Dealers, etc.), By Region,
Competition Forecast and Opportunities, 2028F”, has evaluated the
future growth potential of United States Portable Air Conditioners Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities present in the United States Portable Air
Conditioners Market.
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